Committees of the Managers. The Managers, by resolution, may designate from among the Managers one or more committees, each of which shall comprise one or more of the Managers, and may designate one or more of the Managers as alternate members of any committee, who may, subject to any limitations imposed by the Managers, replace absent or disqualified Managers at any meeting of that committee. Any such committee, to the extent provided in such resolution, shall have and may exercise all of the authority of the Managers, subject to the restrictions contained in the Act and hereunder.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (White Owl Investors LLC), Limited Liability Company Agreement (Ziegler William R), Exhibit Xiii (Blackhawk Investors LLC)
Committees of the Managers. The Managers, by resolution, may designate from among the Managers one or more committees, each of which shall comprise be comprised of one or more of the Managers, and may designate one or more of the Managers as alternate members of any committee, who may, subject to any limitations imposed by the Managers, replace absent or disqualified Managers at any meeting of that committee. Any such committee, to the extent provided in such resolutionresolution or in this Agreement, shall have and may exercise all of the authority of the Managers, subject to the any restrictions contained in this Agreement or the Act and hereunderAct.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Software Acquisition Group Inc. III)
